How a Trump or Biden victory could affect Gold rates? Gold rates in the last five trading sessions have swung volatile. At the start of the week, the markets traded well above the $1,900 level. This was way below $2,000 levels that the Gold market scaled in August. By mid-week, the trend moved to sub $1,900 levels. On Saturday, the markets traded in a range between $1,850 and $1,880 per ounce. For markets, the US elections and fiscal stimulus are two essential factors. movement was certainly surprising. Even, the London Bullion Market Association (LBMA) rates that jewellers and associations across the country keep a track of, reported at $1,881.85 per ounce - a decline. From an Indian context, the Rupee has weakened in the last few trading sessions. On Saturday it quoted levels of 74.551 indicating a weakness. With Diwali and Laxmi Puja, barely a fortnight away, most investors and buyers of Gold would be anxious to know about where the Gold rates are headed next. And, the constant murmur across messaging boards is clear - Will a Biden or Trump victory impact Gold rates?